The only mystery is why conservatives think there is some grand principle involved, or that they are scoring. It is the dumbest sort of fight to pick. It simultaneously makes them look like all they care about is absent moneybags to mainstreet and that they don't understand business or finance to business.
If the democrats picked the issues the right was to stand on over the last 4 months they could not have done a better job than conservatives did to themselves. Just clueless.
This isn’t a political issue, it’s contract law. Bondholders have secured debt. Why would they accept any deal outside of bankruptcy court, unless it benefitted the bondholders?
Sounds like you advocate the “What’s yours is mine, and what’s mine is mine” position.
If Obama came and said I had to sell it to him for 15 centas a share, what do you think I would tell him?
I am afraid the bindholders are right on.They just won't sell out because they want a chance to get their fullest investment.And I can't blame them one bit.